News

The Deputy Minister for Energy in charge of Petroleum Dr Mohammed Amin Adam says Ghana is forced to cough up more than 500million dollars every year to pay for excess capacity from the Take or Pay power agreements. He blamed the situation on the “unsolicited power purchasing agreements” the erstwhile Mahama administration signed with the

Deputy Minister for Energy in Charge of Petroleum, Dr Mohammed Amin Adam has said government has injected liquidity support of Gh¢4million into Electricity Company of Ghana (ECG) to keep it afloat. The sector minister said the support was made after government settled all of its indebtedness to ECG, including the GH¢ 2.63 billion it inherited

The Deputy Minister of Energy in charge of Petroleum Dr Mohammed Amin Adam says, up to date, they are still wondering how the previous NDC administration managed to bring Tema Oil Refinery (TOR) on its knees before exiting power in 2016. He said the NPP government inherited accumulated TOR debt of $345 million from the

The Deputy Minister of Energy in charge of Petroleum, Hon. Mohammed Amin Adam is entreating Ghanaians to vote for the New Patriotic Party (NPP) government in the upcoming general election to sustain the gains in the energy sector. He said the NPP government inherited huge debts from the previous NDC administration that choked ECG to

Liquefied Petroleum Gas (LGP) stations without trained and certified attendants would soon be closed down, the Environmental Protection Agency (EPA) has announced. It said the EPA would renew the environmental permits of LPG stations based on the evidence of training of the staff of the company. These were in a speech read on behalf of

Workers of the Tema Oil Refinery (TOR) have given President Akufo-Addo a one-week ultimatum to dissolve the board of the company. The staff say the board must be dissolved over its incompetent management of the refinery. The workers made the demand when they staged a peaceful protest on Wednesday [November 4, 2020] morning at the

The former Minister of Energy and Petroleum Emmanuel Arma-Kofi Buah has touted the National Democratic Congress’ record in the energy industry as superior. At the party’s turn at CBOD’s The Energy Manifesto Townhall, the former Minister said the NDC government’s record with the power distribution sector is clear because the Electricity Company of Ghana (ECG)

The two main political parties, the National Democratic Party (NDC) and the New Patriotic Party (NPP) will in the coming week justify their energy manifesto promises which they have made to Ghanaians ahead of the general elections on December 7, 2020. This will happen at the Chamber of Bulk Oil Distributors’ maiden industry event dubbed

CEO of the Chamber of Bulk Oil Distributors Senyo Hosi has charged petroleum service providers in the African continent to increase cooperation among their industries to tackle the disruptions and opportunities from the Covid-19 pandemic relevant and thrive in the future. Mr. Hosi was speaking on the topic, “Scaling Value for Oil Marketing Companies Post-Covid-19

Oil fell 3% on Monday, extending last week’s losses as growing cases of COVID-19 in the United States and Europe raised worries about crude demand, while the prospect of increased supply also hurt sentiment. Brent crude LCOc1 was down $1.25 cents, or 3%, at $40.52 by 0755 GMT. U.S. West Texas Intermediate (WTI) dropped $1.28 cents, or